It sure looks like the market is expecting Auteco Minerals to announce a healthy resource upgrade this month. I found an article dated 6th December 2021 where Canaccord has its SPEC BUY recommendation for Auteco with a price target of $0.23 (Closed today at 9.7 cents).
It is worth noting that the "Pickle Crow" area is one of the highest-grade historic gold deposits in Canada where the underground mine produced 1.5Moz at 16.1 g/t Au.
Below is a small extract from the Canaccord article and here is the link: do not advertise external links.au/companies/news/968239/auteco-minerals-has-potential-to-grow-gold-resources-to-2-million-ounces-by-february-2022-canaccord-genuity-968239.html![]()
AuTECO Minerals has potential to grow gold resources to +2 million ounces by February 2022: Canaccord Genuity
While Auteco continues to screen as having one of the highest grade resource bases on the ASX, Canaccord believes the emerging bulk tonnage story bodes well for not only increasing the resource scale markedly, but also offers development optionality in the future.
AuTECO Minerals Ltd (ASX:AUT, OTC:MNXMF) has five diamond rigs on site with the focus for the remainder of 2021 to be near-mine drilling with the results expected to contribute to the updated resource scheduled for February 2022, according to Canaccord Genuity (TSX:CF, LSE:CF).
The company remains well funded with A$16.4 million in cash at end SepQ’21 and is expected to see steady news flow in the lead-up to the resource update. Canaccord has maintained its SPEC BUY recommendation for Auteco with a price target of $0.23
There is lots of worthwhile information and links on the Auteco website. I'm starting to get excited as the journey continues with Auteco.
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It sure looks like the market is expecting Auteco Minerals to...
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